Electronic Arts (EA) Stock Rating Lowered by Morgan Stanley
Electronic Arts (NASDAQ:EA) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday, The Fly reports.
A number of other analysts have also weighed in on the stock. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a report on Wednesday, November 29th. Finally, Barclays decreased their target price on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $122.26.
Shares of Electronic Arts (NASDAQ:EA) opened at $112.00 on Friday. Electronic Arts has a 12-month low of $78.25 and a 12-month high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $34,580.00, a P/E ratio of 29.55, a PEG ratio of 1.85 and a beta of 0.61.
Institutional investors have recently made changes to their positions in the company. Daiwa SB Investments Ltd. boosted its position in Electronic Arts by 34.4% during the 4th quarter. Daiwa SB Investments Ltd. now owns 8,680 shares of the game software company’s stock valued at $912,000 after buying an additional 2,220 shares during the period. Sit Investment Associates Inc. boosted its position in Electronic Arts by 11.5% during the 4th quarter. Sit Investment Associates Inc. now owns 57,755 shares of the game software company’s stock valued at $6,068,000 after buying an additional 5,940 shares during the period. DnB Asset Management AS boosted its position in Electronic Arts by 3.7% during the 4th quarter. DnB Asset Management AS now owns 33,384 shares of the game software company’s stock valued at $3,507,000 after buying an additional 1,200 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Electronic Arts during the 4th quarter valued at $851,000. Finally, Aurora Investment Counsel purchased a new stake in Electronic Arts during the 4th quarter valued at $2,209,000. 93.51% of the stock is owned by institutional investors.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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